The retail sale of audio and video equipment in the United Arab Emirates (UAE) is a thriving industry, fueled by the country’s affluent population, high disposable income, and the region’s growing demand for cutting-edge technology.
The UAE has a high concentration of high-net-worth individuals and tourists seeking premium products. The cosmopolitan culture and emphasis on entertainment in the region drive demand for high-quality audio and video equipment. Along with this, rapid advancements in audio and video technology, such as 4K televisions, high-resolution audio systems, and smart home devices, have fueled consumer interest.
The UAE also boasts a well-developed retail sector with modern shopping malls and online marketplaces, providing ample avenues for businesses to reach consumers. For entrepreneurs who want to join this industry, here are the business activities you can choose under your business license.
4742.00 – Retail sale of audio and video equipment in specialised stores
Specialised stores dedicated to audio and video equipment offer a curated selection of products and expert advice to customers seeking high-quality and often premium-priced devices. These stores cater to a niche market of enthusiasts and professionals who have a deep appreciation for audio and video content.
These stores typically carry a wide range of audio and video equipment, including high-end audio components, home theatre systems, projectors, headphones, audio players, and smart home devices. Specialised stores typically provide comprehensive after-sales support, including warranty services, repairs, and upgrades.
Third-party Approval: This business activity requires third-party approval from MRO.
Filing of Economic Substance Returns: This requirement does not apply to the business activity mentioned in this article.
Anti-Money Laundering Compliance: This requirement does not apply to the business activity mentioned in this article.
4742.01 – Retail sale of radio and television equipment
The retail sale of radio and television equipment has been a cornerstone of consumer electronics for decades. While the landscape has evolved significantly with the advent of digital technology and streaming services, the demand for quality audio and visual experiences remains strong. Traditional retailers typically carry a range of products, including televisions, radio receivers, antennas, home theatre systems, soundbars, Blu-ray players, and audio components. Many retailers also provide installation services for televisions, home theatre systems, and other equipment.
- Third-party Approval: This business activity does not require third-party approval.
- Filing of Economic Substance Returns: This requirement does not apply to the business activity mentioned in this article.
- Anti-Money Laundering Compliance: This requirement does not apply to the business activity mentioned in this article.
4742.02 – Retail sale of stereo equipment
Stereo equipment refers to components used to reproduce sound in a high-fidelity format. The retail sale of stereo equipment caters to individuals and enthusiasts who appreciate music and audio quality. Specialised stereo equipment retailers typically carry a wide range of products, including amplifiers, pre-amplifiers, speakers, turntables, CD players, headphones, and other accessories.
- Third-party Approval: This business activity does not require third-party approval.
- Filing of Economic Substance Returns: This requirement does not apply to the business activity mentioned in this article.
- Anti-Money Laundering Compliance: This requirement does not apply to the business activity mentioned in this article.
4742.03 – Retail sale of CD and DVD players and recorders
Contrary to popular misconceptions, there still exists a high demand for CDs, DVD players, and recorders, particularly among collectors, enthusiasts, and those who prefer physical media. Retailers typically carry a variety of CD and DVD players and recorders, including players, recorders, and accessories. Retailers often offer warranty services, repairs, and technical assistance for CD and DVD players and recorders.
- Third-party Approval: This business activity does not require third-party approval.
- Filing of Economic Substance Returns: This requirement does not apply to the business activity mentioned in this article.
- Anti-Money Laundering Compliance: This requirement does not apply to the business activity mentioned in this article.
4742.98 – Radio, TV Stations, Cinema & Theater Equipment Trading
This business involves the buying, selling, and trading of specialised equipment used in the broadcasting and entertainment industries. It caters to a wide range of clients, including radio and television stations, cinemas, theatres, and production companies. This type of business typically deals with a vast array of equipment, including radio and television equipment, cinema equipment, and theatre equipment. The trading of radio, TV station, cinema, and theatre equipment requires a deep understanding of the technical aspects of these industries. Businesses in this sector must stay updated with the latest technologies and trends to meet the evolving needs of their clients.
- Third-party Approval: This business activity does not require third-party approval.
- Filing of Economic Substance Returns: This requirement does not apply to the business activity mentioned in this article.
- Anti-Money Laundering Compliance: This requirement does not apply to the business activity mentioned in this article.
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